Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Increases By 89.5%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 14,400 shares, an increase of 89.5% from the December 15th total of 7,600 shares. Based on an average daily trading volume, of 31,400 shares, the days-to-cover ratio is presently 0.5 days.

Texas Capital Bancshares Price Performance

NASDAQ:TCBIO traded up $0.24 during trading hours on Thursday, hitting $20.38. 27,064 shares of the company traded hands, compared to its average volume of 22,986. The firm has a 50-day moving average of $20.39 and a 200 day moving average of $20.59. Texas Capital Bancshares has a twelve month low of $18.15 and a twelve month high of $22.71.

Texas Capital Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.3594 dividend. This represents a $1.44 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend was Monday, December 2nd.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.